Industry
July 28, 2021
Puerto Rico to Delay New Slot Machine Tax as Regulatory Issues Emerge
Puerto Rico is having some difficulty evolving its gaming industry, and this is causing financial losses and a lot of frustration. There have been legal battles waged over the past couple of years that have slowed down the introduction of a new framework and the brakes have been pumped once again. A plan to introduce […]
Legal
July 21, 2021
Brazil’s President Confirms Changes to Sports Betting Taxation
Brazilian President Jair Bolsonaro has signed a law that will alter the country’s sports betting taxation system to a revenue-based one. President Jair Bolsonaro Signs New Sports Betting Taxation Law Last week, Brazil’s Official Gazette published Law No. 14,183, of July 14, 2021, which changes the rules on sports betting taxation. The new law modifies Chapter […]
Business
July 21, 2021
Gibraltar Raises Corporation Tax to 12.5% to Soften Final Move
Gibraltar, one of more than a hundred nations that approved the global tax agreement to implement a minimum corporation tax rate, became the first to act upon its commitment by introducing an interim tax level. Reaching Minimum Tax Level in Two Steps Signaling the upcoming change in its taxation policy, Gibraltar is raising corporation tax […]
Industry
July 12, 2021
Independent Study Recommends Cap on Deductions for Sportsbooks
A leading independent tax policy nonprofit, the Tax Foundation, released a report last week, evaluating the efficiency of different state’s approaches to sports betting taxation. Deductions Lead to Lower Effective Tax Rate Industry official data provided by the American Gaming Association (AGA) shows 21 US states and D.C. are currently offering legal wagering on sports, […]
Industry
July 7, 2021
Sports Gambling in Kenya Gets New Life Following Approval of Tax Cuts
A long-running legal battle between Kenya’s government and the gambling industry might be coming to an end. Uhuru Kenyatta, the country’s president and a staunch gambling opponent, seems to be softening his anti-gambling stance, approving a new tax rate on gambling wagers that should appease the gaming industry. Instead of the 20% that had previously […]
Legal
June 24, 2021
Germany Approves Controversial Turnover Tax on Online Slots and Poker
Germany’s controversial 5.3% turnover tax on online slots and poker received the approval of the parliament earlier this week. German Parliament Approves 5.3% Tax on Online Slots and Poker Back in March of this year, Germany’s new State Treaty on Gambling (GlüNeuRStv) was approved by lawmakers. Since then, the new regulation has received the approval […]
Legal
June 14, 2021
Kenyan Soccer Clubs Urge Government to Avoid 20% Excise Tax
Soccer in Kenya is facing new troubles as the government is preparing to reintroduce a once repealed 20% excise tax on sports gambling. Excise Tax on Gambling to Be Reintroduced in Kenya Kenyan soccer clubs are once again in a pickle after the National Treasury and Planning Cabinet Secretary Ukur Yatani said that a previously repealed 20% […]
Legal
May 21, 2021
Gambling Tax Proposal May Impact Ukraine State and Local Budgets
State and local budgets in Ukraine may be adversely affected by the proposed flat tax rate on gambling revenue in the country, a parliamentary committee warned, asking the government to consider subsidies to address the deficit. High Taxes will Minimize Consumption The Scientific and Expert Management Committee of the Ukraine Parliament argued that there is […]
Casino
May 18, 2021
Atlantic City Assemblyman Wants to Change PILOT Bill
An assemblyman from Atlantic county proposed an amendment to the second measure, known as the PILOT bill, and then retrieved it, stating it needs more refinement. Atlantic City Casinos Could See a Change in PILOT Bill On May 5, assemblyman John Armato from Atlantic County introduced changes to the casino payment-in-lieu-of-taxes bill (PILOT), aiming to […]
Industry
December 20, 2020
Macau November Tax Revenue Up 203% Compared to October
A glimmer of hope for the fading casino industry in Macau was given by the latest financial data release by the city’s Financial Services Bureau, showing Macau government collected two times more in tax revenue in November compared to October. November Twice as Good as October The government in the Special Administrative Region (SAR) of […]